HomeMy Public PortalAbout2002_09_10_r152The Town of
Leesburg,
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PRESENTED September 10, 2002
RESOLUTION NO. 2002-].52 ADOPTED September 10, 2002
A RESOLUTION: AUTHORIZING AN AGREEMENT AND APPROVING A PERFORMANCE
GUARANTEE AND WATER AND SEWER EXTENSION PERMITS FOR
POTOMAC CROSSING SECTION 10
WHEREAS, Arcadia Building Company, the developer of Potomac Crossing Section 10, has
requested approval of a corporate surety bond from The Lumbermens Mutual Insurance Company in the
amount of $1,646,282.66 to guarantee the public improvements; and
WHEREAS, the Director of Engineering and Public Works recommends approval of a contract
for installation of public improvements and acceptance of a performance guarantee for Potomac Crossing
Section 10.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The town manager shall execute the contract for public improvements for the
improvements shown on the plans approved by the Director of Engineering and Public Works for
Potomac Crossing Section 10.
SECTION II. The extension of municipal water and sewer for Potomac Crossing Section 10 is
approved in accordance with Section 15-9 and 19-18 of the Town Code.
SECTION III. The corporate surety bond in a form approved by the town attorney from The
Lumbermens Mutual Insurance Company in the amount of $1,646,282.66 is approved as security to
guarantee installation of the public improvements shown on plans approved by the Director of
Engineering and Public Works for Potomac Crossing Section 10.
PASSED this l0th day of September 2002.
Cl~ of CounCil
Kri~'§t~C. U~stattd, Mayor ' ' /3/
Town of Leesburg --
R02:PotCrsSec 10